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Market
September 7, 2021

Upstream issues force Petronas to seek buyers’ approval to cut Bintulu winter term deliveries

Camille Klass
Senior Editor

[NEWS] Malaysia’s state-owned Petronas is seeking to exercise its right to reduce contractual deliveries this winter to buyers with offtake from the Malaysia LNG (MLNG) 3 joint venture that comprises the firm’s 29.3 million tonnes a year (mtpa) Bintulu LNG export complex in Sarawak due to gas supply issues.

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Market
August 20, 2021

Uncertainty over Russian gas flows underpins volatility in Dutch TTF

Laura Page
Senior LNG Analyst

The Dutch TTF front-month contract hit a record high on Aug.16 before collapsing later in the week. This blog explains the reasons behind the rise and fall.

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Market
March 24, 2021

Suez Canal blockage continues, delaying more than 20 liquid/gas tankers

Alex Booth
Head of Research

Overnight on Tuesday, the container Ship Ever Given ran aground in a southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating delays for Suez transit. As of Wednesday morning there were seven vessels carrying crude, 15 carrying refined products, five LNG vessels and two LPG carriers either sat waiting or approaching the canal. While attempts to clear the ship from the canal continue, this queue will continue to build. A salvage squad from the Netherlands will attempt to dislodge the ship beginning Thursday.

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